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Monthly Total Returns

(As of 01/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%) 
SymbolFundInception
Date
Year-to-
Date
1yr3yrs5yrs10yrsSince
Inception1
Expense Ratio (Net of Fees)^Expense Ratio (Gross of Fees)^
PAXLXImpax Large Cap Fund – Investor Class12/16/20161.5112.538.1714.3413.140.97%0.97%
PXLIXImpax Large Cap Fund – Institutional Class12/16/20161.5812.768.4314.6313.420.72%0.72%
S&P 500 Index1.6820.8210.9914.3013.30
Lipper Large-Cap Core Funds Index0.7716.808.2712.7012.19
PXSCXImpax Small Cap Fund – Investor Class03/27/2008-0.633.732.387.585.767.811.16%1.16%
PXSAXImpax Small Cap Fund – Class A05/01/2013-0.693.672.377.565.757.801.16%1.16%
PXSIXImpax Small Cap Fund – Institutional Class03/27/2008-0.683.932.627.836.018.080.91%0.91%
Russell 2000 Index-3.892.40-0.766.807.038.22
Lipper Small-Cap Core Funds Index-2.823.155.228.427.858.64
PAXGXImpax Global Opportunities Fund – Investor Class06/27/20180.067.684.1311.189.631.23%1.33%
PXGOXImpax Global Opportunities Fund – Institutional Class06/27/20180.067.894.3911.449.870.98%1.08%
MSCI ACWI (Net) Index0.5914.706.1210.168.82
Lipper Global Multi-Cap Growth Funds Index-0.5011.91-0.649.688.05
PGRNXImpax Global Environmental Markets Fund – Investor Class03/27/2008-1.825.812.629.847.516.591.16%1.16%
PXEAXImpax Global Environmental Markets Fund – Class A05/01/2013-1.875.822.619.857.506.601.16%1.16%
PGINXImpax Global Environmental Markets Fund – Institutional Class03/27/2008-1.856.082.8810.117.786.860.91%0.91%
MSCI ACWI (Net) Index0.5914.706.1210.168.436.57
PXWEXImpax Ellevate Global Women’s Leadership Fund – Investor Class10/01/1993-0.2810.134.078.127.796.830.77%0.77%
PXWIXImpax Ellevate Global Women’s Leadership Fund – Institutional Class04/19/2006-0.2810.394.328.398.056.990.52%0.52%
ImImpax Global Women’s Leadership (Net) Index1.4019.097.0710.31
MSCI World (Net) Index1.2016.998.0611.399.14
Lipper Global Multi-Cap Core Funds Index-0.3010.394.878.797.47
PAXDXImpax Global Sustainable Infrastructure Fund – Investor Class12/16/2016-2.200.561.867.237.860.80%0.90%
PXDIXImpax Global Sustainable Infrastructure Fund – Institutional Class12/16/2016-2.190.802.097.498.130.55%0.65%
FTSE Global Infrastructure Opportunities-1.473.334.825.986.38
MSCI ACWI (Net) Index0.5914.706.1210.16
PXWGXImpax US Sustainable Economy Fund – Investor Class06/11/19971.7318.8110.2612.5710.946.640.70%0.88%
PXGAXImpax US Sustainable Economy Fund – Class A05/01/20131.7418.8510.2612.5710.946.640.70%0.88%
PWGIXImpax US Sustainable Economy Fund – Institutional Class04/02/20071.7819.1010.5412.8511.226.800.45%0.63%
Russell 1000 Index1.3920.239.7813.9912.32
Lipper Multi-Cap Core Funds Index0.7716.808.2712.7010.73
PXINXImpax International Sustainable Economy Fund – Investor Class03/31/2014-0.498.252.976.654.314.690.72%0.72%
PXNIXImpax International Sustainable Economy Fund – Institutional Class01/27/2011-0.508.603.226.924.574.960.47%0.47%
MSCI EAFE ESG Leaders (Net) Index0.8910.543.807.385.145.42
MSCI EAFE (Net) Index0.5810.014.596.924.774.92
Lipper International Large-Cap Core Funds Index-0.816.714.635.904.154.25
PAXBXImpax Core Bond Fund – Investor Class12/16/2016-0.062.01-3.250.540.950.71%0.71%
PXBIXImpax Core Bond Fund – Institutional Class12/16/2016-0.042.27-3.010.781.200.46%0.46%
Bloomberg US Aggregate Index-0.272.10-3.170.831.39
Lipper Core Bond Funds Index-0.042.62-2.931.271.70
Morningstar Intermediate Core Bond-0.052.34-3.110.81
PAXHXImpax High Yield Bond Fund – Investor Class10/08/1999-0.037.00-0.123.302.894.800.92%0.92%
PXHAXImpax High Yield Bond Fund – Class A05/01/2013-0.036.82-0.163.312.904.800.92%0.92%
PXHIXImpax High Yield Bond Fund – Institutional Class06/01/2004-0.027.270.113.563.155.000.67%0.67%
ICE BofAML US Cash Pay High Yield Constrained (BB-B) Index0.078.711.714.294.46
Lipper High Yield Bond Funds Index0.298.542.144.174.00
PAXWXImpax Sustainable Allocation Fund – Investor Class08/10/19710.447.223.117.956.888.160.90%0.90%
PAXIXImpax Sustainable Allocation Fund – Institutional Class04/02/20070.477.453.378.237.158.240.65%0.65%
S&P 500 Index1.6820.8210.9914.3012.62
60% S&P 500 Index / 40% Bloomberg US Aggregate Bond Index0.9013.075.349.068.35
Morningstar Moderate Allocation0.328.863.707.066.30

Quarterly Total Returns

(As of 12/31/2023)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%) 
SymbolFundInception
Date
Year-to-
Date
1yr3yrs5yrs10yrsSince
Inception1
Expense Ratio (Net of Fees)^Expense Ratio (Gross of Fees)^
PAXLXImpax Large Cap Fund – Investor Class12/16/201619.9019.907.8115.9013.080.97%0.97%
PXLIXImpax Large Cap Fund – Institutional Class12/16/201620.1220.128.0716.1813.350.72%0.72%
S&P 500 Index26.2926.2910.0015.6913.21
Lipper Large-Cap Core Funds Index24.1624.167.8714.4912.01
PXSCXImpax Small Cap Fund – Investor Class03/27/200813.5113.514.429.435.727.901.16%1.16%
PXSAXImpax Small Cap Fund – Class A05/01/201313.5613.564.449.435.717.901.16%1.16%
PXSIXImpax Small Cap Fund – Institutional Class03/27/200813.7913.794.689.695.988.170.91%0.91%
Russell 2000 Index16.9316.932.229.977.168.54
Lipper Small-Cap Core Funds Index16.1516.157.3311.307.768.89
PAXGXImpax Global Opportunities Fund – Investor Class06/27/201815.1615.163.6012.769.791.23%1.33%
PXGOXImpax Global Opportunities Fund – Institutional Class06/27/201815.5015.503.8613.0310.020.98%1.08%
MSCI ACWI (Net) Index22.2022.205.7511.728.85
Lipper Global Multi-Cap Growth Funds Index22.3522.35-0.4611.658.28
PGRNXImpax Global Environmental Markets Fund – Investor Class03/27/200816.5516.553.2312.067.336.761.16%1.16%
PXEAXImpax Global Environmental Markets Fund – Class A05/01/201316.5816.583.2412.067.336.761.16%1.16%
PGINXImpax Global Environmental Markets Fund – Institutional Class03/27/200816.8516.853.5012.367.607.030.91%0.91%
MSCI ACWI (Net) Index22.2022.205.7511.727.936.57
PXWEXImpax Ellevate Global Women’s Leadership Fund – Investor Class10/01/199318.1418.143.519.777.396.860.77%0.77%
PXWIXImpax Ellevate Global Women’s Leadership Fund – Institutional Class04/19/200618.4118.413.7610.057.657.020.52%0.52%
Impax Global Women’s Leadership (Net) Index25.6825.686.0511.37
MSCI World (Net) Index23.7923.797.2712.808.60
Lipper Global Multi-Cap Core Funds Index19.1219.124.9310.587.13
PAXDXImpax Global Sustainable Infrastructure Fund – Investor Class12/16/20169.339.332.539.168.310.80%0.90%
PXDIXImpax Global Sustainable Infrastructure Fund – Institutional Class12/16/20169.559.552.769.428.580.55%0.65%
FTSE Global Infrastructure Opportunities10.1510.154.687.656.68
MSCI ACWI (Net) Index22.2022.205.7511.72
PXWGXImpax US Sustainable Economy Fund – Investor Class06/11/199724.3924.399.7713.7710.416.590.70%0.88%
PXGAXImpax US Sustainable Economy Fund – Class A05/01/201324.3924.399.7713.7510.416.590.70%0.88%
PWGIXImpax US Sustainable Economy Fund – Institutional Class04/02/200724.6524.6010.0514.0410.686.750.45%0.63%
Russell 1000 Index26.5326.538.9715.5211.80
Lipper Multi-Cap Core Funds Index24.1624.167.8714.4910.29
PXINXImpax International Sustainable Economy Fund – Investor Class03/31/201418.9218.922.647.973.874.760.72%0.72%
PXNIXImpax International Sustainable Economy Fund – Institutional Class01/27/201119.2819.282.938.244.155.030.47%0.47%
MSCI EAFE ESG Leaders (Net) Index18.8218.823.168.484.565.39
MSCI EAFE (Net) Index18.2418.244.028.164.284.91
Lipper International Large-Cap Core Funds Index16.8216.824.287.513.724.34
PAXBXImpax Core Bond Fund – Investor Class12/16/20165.365.36-3.450.730.970.71%0.71%
PXBIXImpax Core Bond Fund – Institutional Class12/16/20165.625.62-3.210.981.220.46%0.46%
Bloomberg US Aggregate Index5.535.53-3.311.101.44
Lipper Core Bond Funds Index6.246.24-3.121.551.73
Morningstar Intermediate Core Bond5.595.59-3.271.05
PAXHXImpax High Yield Bond Fund – Investor Class10/08/199911.0911.09-0.124.152.944.820.92%0.92%
PXHAXImpax High Yield Bond Fund – Class A05/01/201311.0811.08-0.114.162.964.820.92%0.92%
PXHIXImpax High Yield Bond Fund – Institutional Class06/01/200411.3911.390.164.413.215.020.67%0.67%
ICE BofAML US Cash Pay High Yield Constrained (BB-B) Index12.5512.551.725.194.53
Lipper High Yield Bond Funds Index12.3412.342.185.034.04
PAXWXImpax Sustainable Allocation Fund – Investor Class08/10/197113.1713.172.948.916.578.160.90%0.90%
PAXIXImpax Sustainable Allocation Fund – Institutional Class04/02/200713.4413.443.209.186.848.250.65%0.65%
S&P 500 Index26.2926.2910.0015.6912.03
60% S&P 500 Index / 40% Bloomberg US Aggregate Bond Index17.6717.674.719.988.09
Morningstar Moderate Allocation13.7813.783.438.166.07

Performance after Sales Charge

(As of 01/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Small Cap Fund – Class A (Load)-6.1812.38-6.18-2.050.476.365.157.42
Impax US Sustainable Economy Fund – Class A (Load)-3.8411.52-3.8412.338.2111.3110.326.41
Impax Global Environmental Markets Fund – Class A (Load)-7.2811.04-7.280.708.616.906.22
Impax High Yield Bond Fund – Class A (Load)-4.473.66-4.472.01-1.692.352.434.60

Performance after Sales Charge

(As of 12/31/2023)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Small Cap Fund – Class A (Load)3.654.407.287.282.478.195.127.51
Impax US Sustainable Economy Fund – Class A (Load)0.116.7017.5617.567.7212.489.796.37
Impax Global Environmental Markets Fund – Class A (Load)2.147.7310.1610.161.3010.806.736.38
Impax High Yield Bond Fund – Class A (Load)-0.691.946.096.09-1.643.222.484.62
Performance data quoted represent past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
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